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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: gpowell who wrote (28504)	3/22/2005 2:20:28 PM
From: Amy J	Read Replies (2) of 306849

gpowell, RE: "FRIGHTENED BY DEFLATION you were agog over “Econ textbooks by Kindleberger & Stone.” His link said inflation is due to a lack of monetary discipline. From your link, Elroy wrote: "Certainly made mincemeat of the silly arguments at the time that inflation was a "structural problem" rather than simply the lack of monetary discipline that it actually was" Elroy's been consistent in saying inflation is due to a lack of monetary discipline. He even said it in the link you provided. RE: "when you were claiming to have an econ degree from UC Berkeley (don’t see you touting that anymore, BTW) " You're much too intelligent to resort to this comment. Argue him on logic instead and acknowledge those areas where you might agree. I would doubt you think printing tons of money is good for the USA so that's probably one area where you two agree. I enjoy your intelligent posts. Regards, Amy J

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